en.Wedoany.com Reported - The controlling stake in Russian gold mining enterprise Yuzhny Ural Gold Group (ЮГК) and shares of its nine subordinate legal entities have been sold, with the buyer being BTS - Most Holding (БТС - Мост Холдинг), a joint-stock company controlled by Ruslan Baysarov (Руслан Байсаров).

The transaction was recently completed through a Dutch auction, with the starting bid set at 162.02 billion rubles and a minimum threshold of 81.01 billion rubles. The final sale price was determined at 93.16 billion rubles.

According to the Federal Agency for State Property Management (Росимущество), four bidders participated in the auction. After the sales contract is signed, the proceeds will be transferred to the federal budget.

Ruslan Baysarov, head of the buyer enterprise, stated that rapid growth in metal demand and favorable price conditions make the mining and metallurgical industry highly attractive for investment. The company's focus extends beyond gold to include silver, copper, lithium, platinum group metals, and rare earth metals.

BTS - Most Holding is Russia's largest specialized engineering company in the construction of tunnels, large, medium, and small bridges, railways, highways, ports, docks, hydraulic structures, and runways. It has undertaken landmark projects such as the Russky Island Bridge in Vladivostok, the transport infrastructure for the 2014 Sochi Olympics, and the China-Russia border river bridge in Blagoveshchensk.

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